Vedder Price is pleased to announce that Robert Bradshaw has joined the firm as a Partner in its Finance & Transactions practice group in London.

Mr. Bradshaw focuses on acquisition and leveraged finance. He has significant experience advising clients on complex, cross-border debt finance transactions. Mr. Bradshaw advises borrowers, including private equity sponsors and their portfolio companies, and creditors, including financial institutions and credit funds, on a wide range of transactions including leveraged buy-outs, secured lending, bridge financings and debt restructurings across different levels of the capital structure.

“Rob is an excellent addition to our Finance team in London,” said Michael A. Nemeroff, President and CEO of Vedder Price. “He has the skillset we are looking for to strengthen a robust leveraged finance practice in London and to support our private equity and lending clients in the UK. He has great domain expertise on the debt side via his experience at Kirkland & Ellis and Dechert. Rob is a great fit and we look forward to his contributions to our clients and to the firm.”

“I’m excited to join Vedder Price and to support our clients with my experience in leveraged finance,” said Mr. Bradshaw. “The ability to take my practice to new heights with the team here in London and supporting the debt side of our transactional practice with lenders and borrowers stood out to me. I look forward to working to deliver the best-in-class service Vedder is known for with my new colleagues across our international platform.”

Prior to joining Vedder Price, Mr. Bradshaw was a Corporate Partner at Dechert LLP. He earned his LL.B. with honors and B.B. from University of Technology Sydney.

Vedder Price is pleased to announce that it advised DLL in its closing of DLL 2018-2, an equipment securitization transaction involving the issuance of more than $1 billion of asset-backed notes. This is one of the largest equipment securitization transactions in the recent history of the U.S. market.

According to DLL’s press release, the notes are backed by a pool of loans, leases and other financing solutions with respect to copiers, printers, networking and office equipment originated by De Lage Landen Financial Services in the U.S. The transaction includes four senior classes of $225.0 million class A1 notes, $349.0 million class A2 notes, $349.0 million class A3 notes, and $100.610 million class A4 notes rated P-1/A-1+ and Aaa/AAA by Moody’s Investors Service and Standard & Poor’s Ratings Services, respectively, and three subordinated classes, which were also rated by the same rating agencies and retained by DLL.

Global Transportation Finance Shareholder Edward K. Gross, Capital Markets Shareholder Marc L. Klyman and Tax Shareholder Matthew P. Larvick led the team from Vedder Price. The team also included associates Melissa W. Kopit, Erich P. Dylus and Jonathan M. Rauch.

“We were pleased to partner with DLL again on such a monumental securitization transaction,” said Mr. Gross. “The success of their inaugural U.S. securitization in 2017 secured their place in the market, and this deal further demonstrates their commitment to growth. We are proud to represent them now and as they pursue further transactions in the future.”

Vedder Price is pleased to announce that Global Transportation Finance Shareholder Francis X. Nolan, III has been named as one of the Top 10 Maritime Lawyers globally as part of Lloyd’s List’s “2018 Top 100 Most Influential People in Shipping” series. Lloyd’s List has been an authority on maritime news since 1734. He is one of only three Americans named.

Lloyd’s List cited Mr. Nolan’s “reputation as a leading maritime finance attorney” and his election as President of the Maritime Law Association of the United States in 2018 as well as his “work this year in drafting changes to Liberia’s maritime laws, to allow those who hold title to vessels in lease structures to record their bareboat or demise charter as preferred mortgages.”

To read the entire list, please click here.

Vedder Price is pleased to announce that it advised DLL in its closing of DLL 2018-2, an equipment securitization transaction involving the issuance of more than $1 billion of asset-backed notes. This is one of the largest equipment securitization transactions in the recent history of the U.S. market.

According to DLL’s press release, the notes are backed by a pool of loans, leases and other financing solutions with respect to copiers, printers, networking and office equipment originated by De Lage Landen Financial Services in the U.S. The transaction includes four senior classes of $225.0 million class A1 notes, $349.0 million class A2 notes, $349.0 million class A3 notes, and $100.610 million class A4 notes rated P-1/A-1+ and Aaa/AAA by Moody’s Investors Service and Standard & Poor’s Ratings Services, respectively, and three subordinated classes, which were also rated by the same rating agencies and retained by DLL.

Global Transportation Finance Shareholder Edward K. Gross, Capital Markets Shareholder Marc L. Klyman and Tax Shareholder Matthew P. Larvick led the team from Vedder Price. The team also included associates Melissa W. Kopit, Erich P. Dylus and Jonathan M. Rauch.

“We were pleased to partner with DLL again on such a monumental securitization transaction,” said Mr. Gross. “The success of their inaugural U.S. securitization in 2017 secured their place in the market, and this deal further demonstrates their commitment to growth. We are proud to represent them now and as they pursue further transactions in the future.”

In this issue

New Rules, Proposed Rules, Guidance and Alerts

• OCIE Announces Risk-Based Sweep Exam of Funds, ETFs and Advisers
• OCIE Issues Risk Alert on the Cash Solicitation Rule
• SEC Staff No-Action Letter Allows Fund Boards to Rely on CCO Representations for Affiliated Transactions
• Insurance Companies Obtain Relief to Use Statutory Financial Statements in Registration Statements Filed on Form S-1 for Certain Insurance Products

Public Statements, Press Releases and Testimony

• Recent Remarks by Dalia Blass, Director of the SEC’s Division of Investment Management, at Industry Conferences
• SEC Issues New Strategic Plan for Fiscal Years 2018–2022

Litigation and Enforcement Actions and Initiatives

• District Court Grants Summary Judgment in Section 36(b) “Manager-of-Managers” Excessive Fee Suit

 

Download the Regulatory Update below.  

London Employment Partner Jonathan Maude recently authored, “Why Are Employers Not Tackling Harassment?” in People Management, published on 15 November 2018. Mr. Maude explains why it is necessary to take more preventative action against sexual harassment in the workforce, especially following the Weinstein scandal and #MeToo movement. He discusses recent cases and reports that indicate a larger portion of the workforce experiences unwanted sexual harassment than employers may realize. Mr. Maude additionally covers the potential legal and reputational damage caused by workplace harassment issues and next steps employers should take to mitigate risks associated with workplace sexual harassment.

To read the article in full, please click here. 

To read Thought Leadership articles authored by Vedder Price Labor & Employment group attorneys addressing the #MeToo movement’s impact on human resources departments, the issues surrounding workplace sexual harassment allegations, best practices for handling investigations and claims, and recent legislation passed in certain jurisdictions addressing employers’ new obligations, please click here.

 

 

Corporate Shareholder Raam S. Jani will present at the 5th Annual Booth-Kellogg Entrepreneurship Through Acquisition (ETA) Conference on November 7 in Chicago. The day-long conference is an annual event that brings together search fund entrepreneurs, investors, MBA students, faculty, and other participants in the ETA ecosystem to meet one another and share insights into this rapidly-growing area. Vedder is a Platinum Sponsor of the event and is a leading law firm in the ETA space.

Mr. Jani’s private equity practice focuses on middle market private equity transactions, including acquisitions made through independent sponsors, search funds and other ETA vehicles. The panel that he is moderating, entitled “Traditional ETA Models Overview,” will cover the similarities and differences between and among Entrepreneurship Through Acquisition models. Mr. Jani’s session will include the following panelists: Timothy Bovard, Founder & CEO, Search Fund Accelerator; Josh Dennis, Vice President, NextGen Growth Partners; Keith Gross, Director, Pacific Lake Partners; Austin Hall, Founder, Brick Street Partners; and Martin Steber, Co-Founder, Relay Investments.

To learn more about the conference, please click here.

Charles J. Nerko, a member of Vedder Price’s Complex Commercial Litigation group, will be a featured speaker at the On Ramp to the Profession Program, hosted by the New York City Bar’s New Lawyer Enrichment Program. Mr. Nerko, who has been selected to the New York Metro Rising Stars List by Super Lawyers magazine for the past four years, will advise new lawyers on communication, professionalism, and trial advocacy.

The New Lawyer Enrichment Program is sponsored by sixteen New York area law schools and offers continuing legal education courses that equip new lawyers with the practical skills and substantive knowledge they need to be successful in the legal profession.

To learn more about the New Lawyer Enrichment Program, please click here.